TOTAL VOLUME:
$150.4b
24H VOL:
$142,976,311
24H TRANSACTIONS:
2,859,322,643
OPEN INTEREST:
$1,735,079,337
467,728
Markets across
35,810
events
MATCHED EVENTS:
3,446
PLATFORM COVERAGE:
5
Polymarket:
38%
VS.
Kalshi:
62%
$
This event tracks changes in the Consumer Price Index (CPI) for December 2026, reflecting how the average price level of goods and services fluctuates over that month. The CPI serves as a key indicator of inflation, helping economists and policymakers gauge economic health and make informed decisions.
All markets resolve based on the Consumer Price Index (CPI) value for December 2026, reported to one decimal place. Each market has a specific threshold: if the CPI increase exceeds the threshold (ranging from -0.1% to 0.9%), the market resolves to Yes; otherwise, it resolves to No. The official Expiration Value is the single-decimal CPI figure published by the designated Source Agency. If a federal government shutdown delays data release and compromises the reliability of the Source Agency, the market’s Expiration Date is extended to the earlier of the Underlying data release or six months after the shutdown ends, ensuring timely and accurate resolution.
Currently, prediction market odds reflect a different view than many traditional analyst forecasts for December inflation. While many economists predict a continued cooling of inflation, this market suggests a more uncertain outlook. It’s important to remember that prediction markets represent the collective wisdom of traders who have skin in the game, potentially incorporating information not fully reflected in standard economic models. This difference in perspective can be valuable for understanding the range of possible outcomes and the associated risks.
On Kalshi, this market is priced using a continuous double auction. Traders submit bids (buy orders) and asks (sell orders), and the market price fluctuates based on supply and demand. Essentially, the price reflects the probability that a particular CPI value will be reported in December. On Kalshi, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. The price is determined solely by the actions of traders on Kalshi, and represents their collective assessment of the likely CPI reading. The more traders believe a specific outcome is likely, the higher the price for that outcome will climb.
This market resolves around Jan 13, 2027, with the outcome confirmed once the official CPI data for December is verifiable from credible public reporting. The Bureau of Labor Statistics (BLS) releases the CPI data, and that will serve as the basis for determining the winning outcome in this market. Traders will be able to see the final settlement price and whether their predictions were accurate shortly after the BLS release. It’s important to monitor economic news leading up to this date as it may impact trading activity.
Several key signals and events could significantly move this market before it resolves. Unexpected changes in employment figures, particularly the monthly jobs report, often influence inflation expectations. Geopolitical events, such as shifts in energy prices due to international conflicts, can also have a substantial impact. Furthermore, statements from the Federal Reserve regarding monetary policy, including potential interest rate adjustments, are closely watched by traders. Any surprising data releases related to producer price index (PPI) or consumer sentiment could also trigger volatility in this market.